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Constant with this outlook, the Pw, C workplace in Hong Kong is now accepting payments in Bitcoin. The Wall Street Journal reported: Pw, C in Hong Kong said that it accepted the payment due to the fact that it is increasingly working with startups in the city associated with cryptocurrencies and blockchain, the open-ledger innovation that processes bitcoin deals by logging them on a public record.

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The Big 4 Are Complete Steam Ahead on Bitcoin's Innovation The other Big 4 firms (Deloitte, EY, and KPMG) are likewise excited to stay up to date with the improvements driven by Bitcoin and its blockchain innovation. For example, to promote Bitcoin's adoption, EY made readily available ATMs at the World Web Forum for contributions to Avatar Children in January 2015.

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According to an EY press release: EY is digitalizing itself starting in 2017, it will be possible to pay billings from EY Switzerland in Bitcoin, employees will receive a digital wallet, and a Bitcoin ATM will be put into operation in the main building. Deloitte likewise accepts the belief that Bitcoin's technology is developing remarkable opportunities.

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Bitcoin-friendly Deloitte has actually been actively associated with the cryptocurrency ecosystem for a long period of time. Furthermore, a Deloitte report acknowledges Bitcoin's virtues as a vehicle for payments, in spite of its volatility. Deloitte workers are already making usage of a BTM and paying for their meals with Bitcoin at Restaurant 1858, both located in Deloitte's Toronto office.

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Just recently, in November 2017, KPMG signed up with the Crypto Valley Association as a very first partner. The Crypto Valley Association's mission is "to make the most of Switzerland's strengths to develop the world's leading blockchain and cryptographic technologies community." Also, KPMG recently signed up with the Wall Street Blockchain Alliance (WSBA) as a business member.

The Big Four group consists of the 4 biggest service providers worldwide of audit, tax, advisory, actuarial, management consulting, and business finance and legal services.  Full Article  offer audit services to the majority of the general public business worldwide, along with lots of private companies. In reality, the Big Four deal auditing services to 99% of the FTSE 100 companies.

Indicators on Romanian banks stop working with cryptocurrency platforms You Need To Know

Images courtesy Shutterstock, Pw, C, and Twitter/Deloitte.